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Retirely in The things you own end up owning you,

Betterment Valued At Nearly $500 Million In New Round

The online Financial Advisor Betterment LLC has raised a new round of funding which values the company at approximately $450 million. Sheeeeepapi.

I guess when you raise $60 million that means your company is valued eight times more than the raised amount. Essentially speculation drives this market but in Betterment’s case they have enough assets under management to already be bought out by one of the bigger advisory firms.